In a radical departure from official welfare norms, the draft Food Security Bill has made adult women heads of households selected for distribution of subsidised food grain. This highly unusual move for general welfare schemes wasn't part of the original discussions on the food bill. The bill has shaped into the big daddy, or in this case the big mummy, of all welfare schemes by providing free food to pregnant...
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CPI(M) opposes FDI in multi-brand retail trade
-The Hindu This pro-MNC neo-liberal framework will hit Indians It's a ploy to push for more sops to MNCs The CPI(M) on Saturday opposed the move to allow foreign direct investment (FDI) in multi-brand retail trade and called upon political parties and organisations to protest against this retrograde move. The CPI(M) Polit Bureau, in a statement, opposed the suggestion by the Inter-Ministerial Group on Inflation headed by the Chief Economic Adviser and said...
More »Silk farmers reel as cocoon prices go into freefall by Deepa Kurup
Import duty on raw silk has been cut from 30 to 5 per cent The mood is grim at the Government Cocoon Market in Ramanagaram. The auction of silk cocoons is on; however, no silk reeler is willing to pay more than Rs. 110 for a kg. At this rate, the loss incurred by each farmer is a heartbreaking Rs. 60 a kg. Double whammy The loss is greater and the risk more...
More »India should lead reforms with Food Bill by Prabha Jagannathan
Good politics and good economics can make compatible bedfellows, if the timing is right. Food, its producers and consumers, are now the Centre's most potent political and economic battleground. Politically speaking, this could be the best time for the UPA to reclaim its dog-eared pro-people credentials through the Bill. The Right to Food Bill has triggered many apprehensions, including fears of a higher subsidy burden, an adverse impact on private...
More »Taming price rise: Govt panel for FDI in multi-product retail
-The Times of India An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...
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